Kinh Bac City Development Holding (STC:KBC) LT-Debt-to-Total-Asset : 0.09 (As of Mar. 2024)

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What is Kinh Bac City Development Holding LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Kinh Bac City Development Holding's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.09.

Kinh Bac City Development Holding's long-term debt to total assets ratio increased from Mar. 2023 (0.09) to Mar. 2024 (0.09). It may suggest that Kinh Bac City Development Holding is progressively becoming more dependent on debt to grow their business.

Kinh Bac City Development Holding LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kinh Bac City Development Holding's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Kinh Bac City Development Holding LT-Debt-to-Total-Asset Chart

Kinh Bac City Development Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

0.18

0.11

0.10

Kinh Bac City Development Holding Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	0.10	0.10	0.10	0.09

Kinh Bac City Development Holding LT-Debt-to-Total-Asset Calculation

Kinh Bac City Development Holding's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	3322049.864	/	33434220.276
	=	0.10

Kinh Bac City Development Holding's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	3534244.956	/	39337399.823
	=	0.09

Kinh Bac City Development Holding (STC:KBC) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Kinh Bac City Development Holding LT-Debt-to-Total-Asset Related Terms

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Kinh Bac City Development Holding (STC:KBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Kinh Bac City Development Holding Corp (STC:KBC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot B7, Que Vo Industrial Park, Phuong Lieu Commune, Que Vo District, Bac Ninh Province, Hanoi, VNM

Website

https://www.kinhbaccity.vn

Kinh Bac City Development Holding Corp is a real estate company. It is engaged in the investment, construction, development, and management of infrastructure projects such as industrial parks, offices, trade centers, hotels, and finance and other projects. The company generates revenue in the form of land lease, leasing and sales of premises, warehousing, clean water supply, electricity, wastewater treatment, non-service, and transferring real estate. The company operates only in Vietnam.

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